If 1hr candle closes above 1005 with volume then buy stop loss given in chart @975
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this view is for educational purpose only.
Also given a good double breakout. This is purely based for educational purpose i would not be responsible for your profit and the loss you made. Do your own analysis and comment if you have any doubt.
The Ramco Cements Ltd - 05.12.2021
The stock is trading @ 950 levels
The prices are below ema
The stock is trading under a Channel Range
There is a Doji in weekly chart
Stochastic Bullish Divergence in Weekly Chart
let the prices go above 981 levels
watch out for the price action
Hello Everyone :)
As per Technical view i see RAMCOCEM has a potential of 10-12% upside in a very short span of time.
RAMCOCEM is fundamentally good and can also be taken as long term bet.
This stock has been consolidating and we can see it is on the demand zone and that makes the sense to go Long.
PS: This is my view and i can be Wrong, This data is Shared for...
As you can see in the chart, 924 is strong support many times stock tested this level.
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If tomorrow, stock break the support level & goes below 924, we can buy this trade for the target of 900.
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What's your view on this comment below in the box.
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Note: we will only buy this trade once it goes below 924.
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publish this
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
The stock breaks the upper trend line then retested and breaks the previous resistance ( target 1). And repeated the same retest which it done previously. Now the restest is done we can expect a possible upside move.
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(THIS IS NOT A CALL JUST FOR EDUCATIONAL PURPOSE DO YOUR OWN ANALYSIS BEFORE INVESTING)
Moving average in support
MACD crossed
Breakbout to triangle about to happen
breakout of past resistance level about to happen
SL TP as mentioned on chart
-- The script has a strong support level in the range of 933 and resistance at the range of 1110.
-- In the daily time frame, price starts to form a wedge pattern.
-- The target level for the wedge pattern is decided by the width of the broadest part of the triangle.
* The content provided in this blog is purely only for educational purposes. I am not a...
